www.marejournal.com P ENNSYLVANIA S POTLIGHT E ASTERN PA Construction of $40m distribution center at Majestic Bethlehem Center to start next month Capobianco & Elder of Colliers International facilitate 800,000 s/f lease B ETHLEHEM , PA — Colliers Interna- tional’s Industrial Mid Atlantic Real Estate Journal — Pennsylvania — April 13 - 26, 2012 — 5B
the facility. Majestic Bethlehem Cen- ter is a 440-plus acre master planned industrial park on the former Bethlehem Steel plant located right off of I-78 and Route 412. (Liberty Prop- erty Trust has also just con- firmed plans for an 800,000 s/f building there.) The master site plan from www.majestic- bethlehem.com. The brokerage team of Ed Elder, SIOR from Colliers International in Kansas City and Michael Capobianco, SIOR of Colliers International in Allentown, worked to- gether on behalf of Crayola to negotiate several sites which ultimately ended in the selec- tion of Majestic. Crayola was referred to Colliers Philadel- phia by their parent company, Hallmark, an exclusive client of Colliers International in Kansas City. ■
Division facilitated a lease between Crayola LLC and Majestic Realty Company for a new 800,000 s/f, $40 mil- lion distribution center along Route 412 in the Majestic Bethlehem Center – construc- tion is slated to start next month; Crayola plans to be in full operation by next March 2013. Crayola has a Lehigh Valley workforce of 1,080, including its Lehigh Valley manufactur- ing headquarters and produc- tion facilities. They plan to move their main distribution center from the Harrisburg area to the Bethlehem site to blend their logistics and warehouse operations under one roof and improve product flow. They will employ ap- proximately 60 – 80 people at
Riverside Business Center
Majestic Bethlehem Center
Mid Atlantic R EAL E STATE J OURNAL ’ S A NNUAL S POTLIGHT
Industrial Real Estate & Distribution Centers
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